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Business Bankruptcies - Minneapolis Star TribuneThis is a list of recent business-related bankruptcies filed in U.S. Bankruptcy Court in Minneapolis and St. Paul. The number following the filing date is the case number. A Chapter 7 petition is for liquidation of the businesses; Chapter 11 (or ...
Revised PILOT agreement crucial for local economic development - Press RepublicanPLATTSBURGH -- Efforts to reach a new payment-in-lieu-of-taxes agreement with Saranac Power Partners are seen as crucial for regional economic development. County of Clinton Industrial Development Agency Executive Director Adoré Flynn Kurtz said it ...
Wallace considers patrols by Pa. police - Daily Local NewsWALLACE — As the dissolution of the Brandywine Regional Police nears, township officials say they are now considering state police coverage. In spring, Wallace supervisors decided to form the township's own full-time police force and informed ...
Today's Mortgage Terms starting with L
Lender: The bank, mortgage company or mortgage broker providing the loan.
Loan Application: A statement of personal and financial information needed to apply for a loan.
Loan Application Fee: A fee applied by a lender to cover the initial costs of putting through a loan application. The fee could include the cost of getting a property appraisal, a credit report and a lock-in fee and other closing costs incurred to complete the transaction.
Loan Origination Fee: Fee charged by a lender for the administrative costs of processing a loan.
Loan to Value Ratio (LTV): The balance of the mortgage outstanding as a percentage of the home's price.
Lock or Lock In: A lender's guarantee of an interest rate for a specific period of time. The time period is usually between the loan application approval and loan closing. The borrower wants the lock to stay in effect until closing.
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